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Comment by voz_ | Hacker News Reader

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voz_·

Good little writeup. There really is no real world use case for them. Glad to see the crypto fad ending.

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I saved this especially for people like you:

https://news.ycombinator.com/item?id=31998722

The law could easily shut him down, so crypto isn't a solution either.

Sure, a law could state it's illegal, but that surely wouldn't shut him down.

Let me pass these news to Tether okay.

Prosecuting a company is way different than trying to find some guy that posted something on the internet. Good luck with the last one, especially when that person is tech savvy and paranoid.

Is it ending? It kind of has a habit of not actually doing so https://99bitcoins.com/bitcoin-obituaries/

Crypto actually works kind of great as a speculative casino. If you think that isn't a real world use case then you may have a rather rose tinted view of the world.

Crypto has been rallying like all speculative assets. If crypto was like beanie babies (as HN group think says) it would have crashed years ago and stayed dead.

It's not beanie babies, most of it is more like a ponzi scheme, which tend to be financial perpetual motion machines.

Thanks for accusing me of group think! To turn the tables around, the burden of proof is on crypto to be useful, not on me. Stuff is not useful by default. So, instead of stooping to your insults, let me ask you - what use does it have?

Also, I found you online, you work for crypto, pretty dishonest of you to not disclose that before commenting.

> it would have crashed years ago

Markets are capable of staying irrational a very long time

HN has stayed irrational longer than crypto that's for sure

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